HSBC UK cuts mortgage rates by up to 0.16%
The lender said the cuts are designed to support first-time buyers, home movers and remortgage customers, with reductions applying across a broad range of loan-to-value (LTV) bands.
HSBC UK has reduced mortgage rates across its residential and buy-to-let (BTL) ranges by up to 0.16%, with the latest changes taking effect from today, 3rd July.
The lender said the cuts are designed to support first-time buyers, home movers and remortgage customers, with reductions applying across a broad range of loan-to-value (LTV) bands.
Within its first-time buyer range, HSBC has reduced its 2-year fixed product at 60% LTV by 0.15% to 4.32%.
The deal carries a £999 fee and includes £250 cashback, rising to £600 for energy-efficient homes.
At higher LTVs, a 2-year fixed rate at 90% LTV has fallen by 0.10% to 4.72%, while a fee-free 5-year fixed product at 75% LTV has been reduced by 0.09% to 4.64%.
For home movers, HSBC has lowered its fee-free 2-year fixed product at 60% LTV to 4.48%, while its 5-year fixed deal at 95% LTV has fallen by 0.12% to 5.09%.
The lender has also reduced rates across its remortgage range.
Its largest cut sees a fee-free 2-year fixed product at 85% LTV reduced by 0.16% to 5.13%.
A 5-year fixed remortgage at 90% LTV with a £999 fee has also fallen by 0.10% to 4.98%.
Selected Premier products have also been repriced, including a 2-year fixed remortgage at 60% LTV, which now stands at 4.40%, and a 5-year fixed remortgage at 90% LTV, reduced to 4.88%.
Within the buy-to-let range, HSBC has reduced selected purchase products by up to 0.10%.
Rates now start from 4.59% for a 2-year fixed product at 75% LTV with a £1,999 fee, while 5-year fixed products at 60% and 75% LTV have been reduced to 4.63% and 4.73% respectively.
Many of the lender’s products continue to include enhanced cashback incentives for energy-efficient homes, with eligible borrowers able to receive up to £700.
Related
HSBC cuts mortgage rates by up to 0.11%
Skipton BS and The Co-operative Bank among latest lenders to update mortgage ranges
Landbay cuts Core BTL rates by up to 0.20%
UTB cuts 2-year BTL rates by up to 0.50%
Principality to increase mortgage rates by up to 0.18%
The Tipton expands limited company and expat mortgage ranges
TSB to increase selected residential mortgage rates by 0.15%
Redwood Bank launches residential BTL bridging range
Pepper Money cuts rates across residential and BTL ranges
Hanley Economic Building Society launches shared ownership mortgages for foreign nationals
Coventry for intermediaries boosts first-time buyer borrowing to 6.5x income
